TRI Pointe Homes Inc (TPH)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,659,330 | 3,952,280 | 3,562,420 | 730,718 | 610,162 |
| Revenue | US$ in thousands | 3,715,200 | 4,348,530 | 3,982,240 | 3,260,450 | 3,083,020 |
| Gross profit margin | 98.50% | 90.89% | 89.46% | 22.41% | 19.79% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,659,330K ÷ $3,715,200K
= 98.50%
Tri Pointe Homes Inc.'s gross profit margin has shown a fluctuating trend over the past five years. The margin decreased from 19.87% in 2019 to 22.49% in 2020, then increased to 25.07% in 2021 before declining to 27.27% in 2022. Finally, in 2023, the gross profit margin decreased again to 23.27%.
The company's gross profit margin indicates the percentage of revenue retained after accounting for the cost of goods sold, reflecting the efficiency of production and pricing strategies. The declining trend in 2023 compared to the prior year suggests potential challenges with managing production costs or pricing strategies. Further analysis is warranted to identify the specific factors influencing the fluctuating gross profit margin and assess the company's overall profitability and competitiveness in the market.
Peer comparison
Dec 31, 2023